TITLE

DYNAMIC BARGAINING AND CDM LOW HANGING FRUITS WITH QUADRATIC EMISSIONS ABATEMENT COST

AUTHOR(S)
AKITA, Jiro; IMAI, Haruo; NIIZAWA, Hidenori
PUB. DATE
July 2012
SOURCE
Proceedings of the International Multidisciplinary Scientific Ge;2012, Vol. 4, p897
SOURCE TYPE
Conference Proceeding
DOC. TYPE
Article
ABSTRACT
A two stage dynamic model of climate change negotiation featuring a developed and a developing country is constructed. Motivated by Copenhagen COP of UNFCCC, we postulate that countries have agreed on a long-run emission abatement target, but they are yet to negotiate the specific terms of agreement. In the first stage, they negotiate emission reduction obligation that only the developed country bears. In the second stage, both countries bear the abatement obligation. As they engage in the first stage negotiation, they cannon commit themselves for the second period abatement, which leads to the well-known problem of incomplete contract. We associate this situation with so-called CDM Low Hanging Fruits problem. We examine the gain and loss on the part of the developing country to see if their low-hanging fruits are indeed shortchanged.
ACCESSION #
83135419

 

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